HCM City should invest more in infrastructure: IMF leader
Ho Chi Minh City should pay attention to transport, with the focus on developing public transport, and invest more in infrastructure, suggested IMF Managing Director Christine Lagarde.
Chairman of HCM City People’s Committee Nguyen Thanh Phong (R) and IMF Managing Director Christine Lagarde (Source: VNA)
HCM City (VNA)🃏 – Ho Chi Minh City should pay attention to transport, with the focus on developing public transport, and invest more in infrastructure, suggested Managing Director of the International Monetary Fund (IMF) Christine Lagarde.
The IMF leader made the recommendation when received by Chairman of the municipal People’s Committee Nguyen Thanh Phong on March 18.
She also proposed forming a “business consultancy council” which includes successful entrepreneurs, because they can efficiently popularise the city’s investment policies to investors.
Phong informed the guest that Ho Chi Minh City is concentrating on attracting investment in information technology, electronics, mechanics, rubber and plastic, and food processing.
During its development process, the city will strive for sustainable economic growth and include environmental protection, social welfare and security and order maintenance in economic development, he said.
Attention is also paid to increasing the competitiveness of the city, enterprises and products, including helping businesses meet export markets’ strict requirements, raising the quality of human resources, and modernising the infrastructure system.
Therefore, the city is encouraging investors to participate in infrastructure upgrading, and using official development assistance in urban planning such as water resources improvement, he added.-VNA
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Chairman of HCM City People’s Committee Nguyen Thanh Phong (R) and IMF Managing Director Christine Lagarde (Source: VNA)
